Veeam celebrates biggest second quarter revenue in company history

Veeam Presentation

Veeam celebrates biggest second quarter revenue in company history

Power Partners

Veeam celebrates biggest second quarter revenue in company history

Veeam Software has announced their biggest second quarter revenue in company history with an annual increase of 20% year-over-year.

As a leader in backup solutions for Cloud Data Management, Veeam saw increased demand for their products due to growing remote work environments intensified by the COVID-19 pandemic.

“As employees are transitioning to the new ‘work from home’ environment, data protection and availability are now more important than ever,” said Bill Largent, the CEO at Veeam.

Veeam also reported its largest ever quarter in it’s 14-year history for bookings for their Veeam Backup for Microsoft Office 365, with an 89% year-on-year increase and 75% gain in subscription bookings.

“Just as employers must protect the health, safety and welfare of their employees, they must also have solid business continuity plans in place and protect the most important asset of their organization – their data,” added Mr. Largent.

Veeam also saw strong double-digit regional growth in Asia by serving customers like Fuji Electric in Japan, Trust Power in New Zealand, and Hero MotoCorp in India.

“We continue to execute well on our plan for explosive growth in APJ, and we are backing that up with hiring across all functions to support our customers and partners,” said Shaun McLagan, the Senior Vice President for Asia Pacific and Japan at Veeam.

Veeam’s new hires include Mr. Beni Sia, Vice President for Southeast Asia and Korea as well as Ms. Habisanti H., the Country Manager for Indonesia.

“This investment has seen an accelerated uptake of more than 3,200 certifications issued in Q2,” added Mr. McLagan.

With Veeam’s multi-year revenue gains, they have increased their market share to become the third largest provider of backup and recovery software.

The need for comprehensive data backup services is rapidly increasing, with COVID-19 causing one of the largest security threats the world has seen, as more and more employees are forced to work from home.

“Keeping life-saving information available to residents is a top priority during a pandemic. Downtime isn’t acceptable in today’s world, and certainly not during COVID-19. This is when cities must have complete faith in their data protection strategy,” said Daryl Polk, the Chief Innovation Officer at City of Rancho Cucamonga in California.

Veeam recently achieved their biggest ever product launch of their Veeam Availability Suite v10, which provides data management and protection for hybrid cloud environments.

“Both announcements were major game-changing milestones for Veeam and the tech industry,” said Danny Allan, CTO and Senior Vice President of Product Strategy at Veeam,”

The backup solutions provider for Cloud Data Management also kicked off the year with their acquisition by Insight Partners, which was valued at US$5 billion.

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